How did a Macy’s employee hide millions in expenses for years?
Days before Macy's is set to take center stage for its annual Thanksgiving Day Parade, the department store chain this week revealed a years-long accounting debacle unlikely to inspire gratitude among shoppers and shareholders. A former employee ...
Macy's: Employee hid upwards of $154M in delivery expenses
Macy's announced an employee has "hid" up to $154 million, prompting the U.S. department store chain to delay the release of its third-quarter earnings report.
Macy’s says employee hid up to $154 million in expenses, delaying Q3 earnings
Macy’s says it’s delaying the release of its fiscal third-quarter earnings results after it discovered an up to $154 million accounting-related issue
Macy's Q3 results delayed after employee hides millions in expenses
Macy's M.N on Monday delayed its third-quarter results after finding that an employee hid as much as $154 million in expenses over years, instead issuing preliminary sales figures that fell short of Wall Street expectations.
Macy's says an employee hid as much as $154 million in expenses
The employee "intentionally made erroneous accounting accrual entries" to hide millions of dollars, Macy's said. The error forced the company to delay reporting its third quarter results.
Macy’s forced to delay quarterly earnings due to employee hiding up to $154 million in expenses
CNN’s Vanessa Yurkevich reports on Macy’s announcing that a single employee was responsible for so many accounting irregularities that the company was forced to delay its quarterly earnings report.
Macy’s Says Accounting Employee Hid Up to $154 Million in Delivery Expenses
The retailer delayed its quarterly results after it said an employee hid delivery expenses over several years, prompting an investigation.
Macy’s Is Selling This ‘Beautiful’ $56 Sherpa Blanket for Just $16, and Shoppers Say It Feels ‘So Soft and Cuddly’
Macy's shoppers are racing to score incredible Black Friday deals, and we've noticed that so many are already selling out.
Woman hurt in shooting outside Loop Macy's likely was not targeted, police say
Two groups of male teens had argued before the shooting, which sparked masses of festivalgoers and shoppers to run for cover, ...
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Macy’s uncovers shocking $154M hidden expense scheme
Macy’s, one of the leading retail giants in the United States, has recently made headlines after revealing a significant ...
Macy's touted a cost-saving metric that employee had manipulated
For years, Macy’s touted its ability to boost profits by cutting delivery costs and trimming other expenses on calls with ...
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Who are the auditors of Macy’s? All you need to know about luxury fashion store’s $154 million accounting issue
Macy's is going through a serious accounting debacle after learning that a single employee purposefully falsified accounting ...
Macy's Thanksgiving Day Parade: See photos of floats through the years
With Thanksgiving upon us, the Macy's Thanksgiving Day Parade is a staple of the day. See how the iconic floats have changed ...
How to watch and stream the Macy's Thanksgiving Day Parade
The holiday season really kicks off when the massive helium balloons start floating through New York. Here's everything you ...
How many balloons are in the Macy's Thanksgiving Day Parade? See the full list of 22 balloons
It's not a Macy's Thanksgiving Day Parade without giant balloons floating between the skyscrapers of New York City. What will ...
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Macy's Thanksgiving Day Parade: How to watch in AZ and who's performing
The Macy's Thanksgiving Day Parade takes to the streets of New York City Thursday. Here's when it starts, how long it lasts ...
How did a Macy’s worker conceal up to $154 million in fake expenses? Experts weigh in
Macy’s is in crisis mode after disclosing that an employee cooked the books for years, using unethical accounting practices ...